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(NITINSPIN) Nitin Spinners complete technical analysis [charts+indicators] | Buy/Sell Nitin Spinners | (NITINSPIN) share price targets

Complete technical analysis of Nitin Spinners (NITINSPIN) by charts plus indicators, forecast predictions and share price targets for Nitin Spinners (NITINSPIN)

Nitin Spinners trades in NSE in Textiles sector.

Showing technical analysis as on 2024-10-17 View latest technical analysis

10 day averaged volume of Nitin Spinners is 118486

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	409.85	410.10	417.60	404.00	0.704 times
16 Wed Oct 2024	407.95	405.10	415.00	404.05	0.503 times
15 Tue Oct 2024	408.40	412.85	413.85	395.00	0.647 times
14 Mon Oct 2024	411.05	408.05	413.00	399.10	1.136 times
11 Fri Oct 2024	405.85	390.05	408.75	385.35	1.402 times
10 Thu Oct 2024	390.05	379.00	393.70	374.50	1.085 times
09 Wed Oct 2024	377.50	386.90	389.30	375.35	0.956 times
08 Tue Oct 2024	386.20	361.95	388.00	352.40	1.237 times
07 Mon Oct 2024	367.45	376.65	378.25	351.25	1.455 times
04 Fri Oct 2024	374.05	377.70	382.20	366.30	0.633 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 404.6, but if it comes below 404.6, then a intra day sell could be more profitable.
If you take a sell trade below 404.6, then use 404.6 as stoploss and 391.88 as target. However if you take a buy trade in stock , then use 404.6 as stoploss and 419.8 as target.

Share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Target	293.00
Downside Target	344.95
Downside Target	366.30
Downside Target	380.00
Downside Target	405.45
Downside Target	408.75
Upside Target	417.60
Upside Target	419.20
Upside Target	447.05
Upside Target	449.90
Upside Target	474.00

Intraday share price targets for Nitin Spinners (NITINSPIN)

Target Type	Value
Downside Intraday Target	397.37
Downside Intraday Target	384.88
Upside Intraday Target	419.97
Upside Intraday Target	430.08
Downside Intraday Target	407.48

Weekly technical analysis of Nitin Spinners (NITINSPIN)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	409.85	408.05	417.60	395.00	0.488 times
11 Fri Oct 2024	405.85	376.65	408.75	351.25	2.242 times
04 Fri Oct 2024	374.05	386.00	389.90	366.30	0.871 times
27 Fri Sep 2024	390.55	401.20	405.45	385.70	0.637 times
20 Fri Sep 2024	401.20	419.00	419.20	383.20	1.464 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Nitin Spinners (NITINSPIN)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	409.85	381.50	417.60	351.25	0.624 times
30 Mon Sep 2024	383.30	425.95	449.90	380.00	0.309 times
30 Fri Aug 2024	421.85	425.35	474.00	400.00	0.635 times
31 Wed Jul 2024	425.40	360.00	447.05	344.95	4.865 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Nitin Spinners (NITINSPIN)

Price action analysis of Nitin Spinners ( (NITINSPIN) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Nitin Spinners ( (NITINSPIN) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Nitin Spinners ( (NITINSPIN) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Nitin Spinners stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Nitin Spinners in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Nitin Spinners Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Nitin Spinners in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Nitin Spinners is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 392.21 and Nitin Spinners (NITINSPIN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Nitin Spinners (NITINSPIN) stock. Volume based technical analysis of Nitin Spinners (NITINSPIN) stock is negative.

Nitin Spinners Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.